UK fast fashion retailer New Look has announced that Phil Wrigley is to relinquish his executive duties and become non-executive chairman of the business.

Carl McPhail remains chief executive of the group, having taken that mantle over from Wrigley in April last year.

Wrigley said: "It is a sign of the great strength of the business and the management team that I have been able to make this move.

"Following the recent developments at the group, including a strong January trading update, the announcement of the relocation of our head office to London and the appointment of Lex Gemas as COO, I believe the time is right for me to step back to a non-executive role. New Look remains well placed for future growth in the UK and overseas."

McPhail said: "I am delighted that we still have Phil available as non-executive chairman.

"He has played a major role in the development of New Look over the last seven years. This move will also allow him to continue to focus on wider retail industry issues such as monthly rents and service charges where he has made some significant progress to the benefit of all retailers."